Gulf International Bank UK Ltd Trims Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Gulf International Bank UK Ltd lessened its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,291 shares of the insurance provider’s stock after selling 117 shares during the period. Gulf International Bank UK Ltd’s holdings in Cincinnati Financial were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Oak Thistle LLC raised its holdings in shares of Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth $546,000. JPMorgan Chase & Co. increased its holdings in Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after buying an additional 5,097 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its holdings in Cincinnati Financial by 25.0% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock valued at $50,652,000 after buying an additional 70,408 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Insider Activity

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 2.3 %

Shares of NASDAQ CINF opened at $147.81 on Friday. The company’s 50-day simple moving average is $139.71 and its 200-day simple moving average is $141.31. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.74. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.